3 things to ask the Property Manager before you lease a rental:
#1 HOW DO I PAY RENT, AND HOW ARE LATE FEES ASSESSED?
These days, most rentals have an electronic option for paying rent, but there may be a convenience fee for doing so. It may make sense to pay with a handwritten check delivered to the leasing office or mailed to the landlord. In that case, make sure you understand exactly when the landlord imposes a late fee and how much that fee is.
#2 ARE ANY UTILITIES OR SERVICES COVERED IN THE COST OF THE RENT? FOR THOSE THAT AREN’T, HOW ARE UTILITY COSTS CALCULATED?
When budgeting for a rental, knowing what rent covers is important in determining the overall costs and affordability. For utilities not included in rent, each unit may be metered separately. But if it is not, you will want to know how your monthly rate is calculated. Whether or not you will have gas or electric appliances can also come into play.
#3 HOW DO YOU HANDLE EMERGENCY REPAIRS?
No one wants to deal with a burst pipe at midnight on a Tuesday, but it is a repair that must be handled ASAP. Before choosing a rental, it is important to know how all kinds of repairs are handled, particularly the emergencies and whom/how you should contact your landlord if there is an emergency.
There is a lot of ground to cover before you sign a lease, and plenty of questions to ask before renting. If you want to protect yourself and prevent misunderstandings once you move in, it is crucial get answers to these and any other questions you may have before securing a lease.
Covering all your bases should mean less headaches in the long run. M.C. Real Estate’s Property Management division is the largest and top-rated rental property company in the area. Contact us to find out more, whether you are a prospective tenant, or a property owner. Our Property Managers will be happy to answer all your questions.